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South Korea's financial markets experienced brief volatility on Thursday following President Yoon Suk Yeol's refusal to step down but quickly regained stability, signaling potential for a steady recovery. The benchmark Kospi opened 14.12 points higher at 2,456.63 on Thursday. The early gain follo...
While the country's benchmark Kospi remains volatile, hit by the recent political strife sparked by President Yoon Suk Yeol’s martial law fiasco, a stock stabilization fund worth over 10 trillion won ($7 billion) may come to the rescue. In response to the turbulence in the local stock market, fin...
South Korean shares hit their lowest level of the year on Monday, as market sentiment was weighed down by prolonged political uncertainty following the failure of the motion to impeach President Yoon Suk Yeol. The local currency also continued its decline against the US dollar, fluctuating around ...
Losing faith in the local stock market, which has fallen to its lowest point in months, South Korean investors are shifting their focus to US shares. However, the weak local currency may remain a burden for cross-border trading. While the benchmark Kospi dropped to a low of under 2,400 during intr...
The South Korean government has decided to inject an additional 100 billion won ($69.7 million) to stabilize the local stock market battered by deepening political uncertainty after President Yoon Suk Yeol averted impeachment last week. On Monday, the first trading day after the failed motion to i...
The stock prices of Korean defense firms have been battered in recent days, as concerns grow that the fallout of President Yoon Suk Yeol’s martial law declaration could harm the outlook for the country’s defense industry. Shares of Hanwha Aerospace closed at 298,000 won ($209) on Friday, down ab...
Shares in companies linked to prominent South Korean political figures surged Wednesday, following the repeal of martial law and a renewed impeachment push against President Yoon Suk Yeol. The sharp rise in stocks seen as politically affiliated appears to be attributed to President Yoon's precario...
Shares of Kakao Corp., one of South Korea’s top tech companies, jumped on Wednesday as political instability surrounding President Yoon Suk Yeol shook the nation. The stock surged 6.87 percent as of 11 a.m., trading at 45,900 won ($32.40), as investors appeared to bet on a potential easing of regu...
South Korea’s financial markets tumbled on Wednesday following a night of political chaos, as President Yoon Suk Yeol briefly declared martial law only to withdraw the measure just hours later under pressure from lawmakers. The Kospi, South Korea’s main stock index, opened 1.8 percent lower at 2...
South Korean online lender Kakao Bank has committed to enhancing its corporate value and increasing shareholder returns as it strives to become a leading, comprehensive financial platform within the next three years. In a meeting with analysts on Tuesday, CEO Yun Ho-young presented a detailed thre...
South Koreans' investments in foreign assets have reached a record high, while foreign investors continue to pull out of the local market, pushing the gap to an all-time high. According to Bank of Korea's International Investment Position report for the third quarter, the nation's net foreign fina...
Hanwha Life, a leading Korean insurance company, said Wednesday it has signed a stock purchase agreement to acquire a 75 percent stake in US securities firm Velocity Clearing. Established in 2003, New York-based Velocity Clearing is an IT-based securities firm primarily serving institutional inves...
Shares of Samsung Electronics continued to rebound Monday, recovering from the steep decline in the previous week, following the company’s announcement of a share buyback plan worth 10 trillion won ($7.17 billion) from Friday. As of 2 p.m. Monday, Samsung Electronics shares were trading at 56,200...
By Steve Brice My youngest son is starting out on his investment journey. As background, he has been gifted some money, which he wants to invest for at least 7-10 years. He is not interested in finance, although he is interested in making money. He is about to go to university in February and expe...
Shares of South Korean tech behemoth Samsung Electronics sank to an over four-year low of under 51,000 won ($36.24) Wednesday, reflecting the clouds cast over the company's chip leadership in the AI era. Samsung Electronics shares on the Kospi closed trading at 50,600 won on Wednesday, dropping by...
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